support level

noun

Definition of support level

: a price level on a declining market at which a security resists further decline due to increased attractiveness to traders and investors

called also support area

Examples of support level in a Sentence

Recent Examples on the Web This $2090 upgrade allows the front occupants to adjust things like height and positions, of course, as well as squab inclination and depth, as well as lumbar support level and the side bolsters. Sebastian Blanco, Car and Driver, 13 Nov. 2021 Despite the bitcoin and crypto market braced for El Salvador's bitcoin earthquake this week, some market watchers aren't expecting major moves until the $50,000 mark becomes a stronger support level. Billy Bambrough, Forbes, 6 Sep. 2021 That means the $46,000-$48,000 range is a strong support level and the coin could trade in that area for some time, the report said. BostonGlobe.com, 6 Oct. 2021 Technical traders and die-hard gold bugs are likely keeping their eyes on the critical support level of $1,680 an ounce. Jj Kinahan, Forbes, 30 Sep. 2021 If the latter scenario holds true, then traders will now be looking for a support level to test and validate the upward momentum. Martin Leo Rivers, Forbes, 30 Sep. 2021 Once a stock is extended on the upside (near its starc+ band), find a support level from a prior high, moving average or pivot analysis in order to identify a potential buy level. Tom Aspray, Forbes, 16 May 2021 That's important in its effort to get people involved, either as volunteers, as fundraisers, or as participants in its monthly giving program, including a $15 support level. Jim Riccioli, Milwaukee Journal Sentinel, 7 Aug. 2021 An ugly week got even uglier today amid new inflation concerns, but tomorrow could be even more interesting as markets approach a key technical support level and more inflation data loom. Jj Kinahan, Forbes, 12 May 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'support level.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of support level

1906, in the meaning defined above

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Time Traveler for support level

Time Traveler

The first known use of support level was in 1906

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Dictionary Entries Near support level

supportless

support level

support mission

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Statistics for support level

Last Updated

20 Nov 2021

Cite this Entry

“Support level.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/support%20level. Accessed 1 Dec. 2021.

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